New bank coming to the UK soon...ish

Okay, so we’ve more or less established the fact that all banks are venal scum, each of them racing to make more billions of profit than their rivals, while knocking the common man (or ‘customer’) to the floor and/or gutter with a sharp stab of the heel of their shiny jackboots. In essence, anyone who doesn’t hate their bank is either rich or mad or both.

They’re called Metro Bank and are planning to open 200 branches in the UK, starting in early 2010. They’re the brainchild of US entrepreneur Vernon Hill, founder of Commerce Bankcorp, which prides itself on its customer service and operated a business model based on that of Burger King when it started out in the 1970s.

The new Metro Bank are said to be placing a similar emphasis on customer service with branches open until late, seven days a week. One snag – they still haven’t got a licence to operate in the UK.

11 comments

Junkyard

Burger King's business model? Launching on the basis that your rival is so shit you can't possibly be as bad as they are, then inventing a crap (and quite frankly terrifying) mascot, and then somehow managing to become just as bad as your rival?

"Okay, so we’ve more or less established the fact that all banks are venal scum, each of them racing to make more billions of profit than their rivals while knocking the common man (or ‘customer’) to the floor and/or gutter with a sharp stab of the heel of their shiny jackboots."
How does the Co-operative bank with it's Customer lead ethical policy fit into this?

Just what the world needs, another bank!
So if this bank is a great success, does that mean all other banks will follow its business plan of staying open all hours, and all days? Even bank holidays?
Will the bank tellers say "have a nice day!" or ask us if we want the extra large interest for only an extra 20p.

I can't see anything being worse than the banks we have, And Co-Op's ethical bullshit is exactly that. Yes they avoid press-sensitive stuff more than others but it's not the same as being ethical. They still exploit where they can, trust me.